PROPOSAL FOR JEWELERS BLOCK POLICY To be effected with This proposal must be completed in ink or typed and signed. One signed copy, together with signed supplementary information, if any, will be attached to the policy. All questions must be answered as quotations cannot be given on incomplete proposals. If the answer to any question is none, state NONE or NIL. The answers to questions 2, 11a, 11c, 11d, 17c, and 17d must be based on the 12 month period immediately preceding the date of this renewal. 1. GENERAL INFORMATION: a. Our firm or Corporation name is: b. The names of individual members of our firm or officers of our corporation are: c. Our premises are located at: d. How long has this corporation been in business: Years at this location: Elsewhere: 2. NATURE OF BUSINESS BASED ON SALES: % Manufacturing % Wholesale % Retail % Pawnbroking 3. EMPLOYEES: a. How many employees do you have? b. What is the least number of employees, officers or owners usually on your premises at any one time during normal business hours, or when opening and closing for business? 4. Previous Insurance and past loss experience (for a minimum of at least the prior 5 year period) Prior Carrier Premium Date of Loss Amount of Loss Nature of Loss 1
5. Has any insurer ever canceled or refused to issue or continue any insurance for you? Yes No If Yes, give particulars: 6. BOOKKEEPING: Do you take a complete physical inventory: Yes No If Yes, how often: 7. MEMBERSHIPS: Are you a member of: JSA: Yes No JA: Yes No 8. AMOUNTS OF INSURANCE DESIRED: AGS: Yes No AGTA: Yes No a) $ On stock at the proposer s premises (including other peoples goods) b) $ On Money in Locked Safe(s) at proposer s premises against Theft by safe being broken open c) $ On Patterns, Molds, Models and Dies at Proposer s premises d) $ On Furniture, Fixtures, Tools, Machinery and Fittings at Proposer s premises e) $ On Tennant s interest in Improvements and Betterments to Building(s) f) $ Total amount of Insurance 9. WHAT LIMITS DO YOU REQUIRE FOR CLAUSE 2 OF THE POLICY? 2(B)(1) $ Registered Mail (the first $25,000 must be insured with the U.S. Postal Service) (2) $ Armored Car (3) $ Property in a Safe Deposit Vault of a Bank, Trust, or Safe Deposit Company (4) $ Property in the custody of dealers (memorandum) (5) $ Property in the custody of a commissioned salesperson or selling agent 2(C) $ All other shipments covered by this policy 2(D) $ Property in the custody of employees, officers, principals, while away from described premises $ Increasing for the following: The amounts stated above are merely indications and are not to be considered as either increasing or diminishing amounts for which the policy was issued. 10. OPTIONAL COVERAGE S AND PROVISIONS: a. Do you wish to cover at premises referred to in answer to Question 1c: (1) Flood? Yes No (2) Earthquake? Yes No (3) Fire? Yes No b. Deductible that you wish to have: $2,500 $5,000 $10,000 $25,000 Other: 2
11. PROPERTY OUTSIDE OF OUR PREMISES AS SET FORTH IN QUESTION 1C DURING THE LAST 12 MONTHS: a. In the custody or control of the Proposer, Employees, Members of the Firm or Officers of the Corporation or Salespeople: (1) In cities or towns in which the Proposer s premises are situated Name days away amount carried (2) Elsewhere in the United States, the District of Columbia, Canada and Puerto Rico Name days away amount carried Maximum Amount carried Maximum Amount carried (3) Commissioned Salespeople Name days away amount carried Maximum Amount carried (4) Elsewhere Name Countries days away amount carried Maximum Amount carried 3
b. Names and home addresses of the Principals, Employees, Members of the Firm or Officers of the Corporation, or Salespeople who may have property in excess of $5,000 in their custody or control outside of the Proposer s premises: Names of any and all employees automatically covered Home Address c. THE ESTIMATED AVERAGE DAILY AMOUNT OF PROPERTY IN THE CUSTODY OR CONTROL OF OTHERS such as U.S. Customs, appraisers stores, custom house brokers, repairers, processors, polishers, setters, or on approval, consignment, or memorandum (excluding commissioned salespeople) $ d. SHIPMENTS: The TOTAL AMOUNT of property shipped at OUR RISK during the last 12 months did not exceed: (1) Registered Mail $ (2) Armored Car $ (3) Overnight Sendings (a) Federal Express $ (b) MA Express / ONE Service / etc. $ (c) Other: $ (4) Air Freight $ 12. WARRANTIES AS TO PROPERTY ON DISPLAY IN SHOW WINDOW(S) AT PREMISES (INCLUDING OUTSIDE SHOWCASE DISPLAY ON PREMISES) OCCUPIED BY PROPOSER. Note: Property displayed in show windows, and in show cases not opening into the interior of the premises, is considered Protected only when it is displayed behind swinging plate glass (or its equivalent) secondary to window-pane or behind metal bars or grille entirely across the window or showcase, or behind shatterproof (laminated or plastic) glass or in a showcase within the window. Taped windows are NOT considered protected. a. Number of show windows (opening in to the interior of the premises): How many are protected against window smashing, and how: Number of outside showcases: Describe cases and location: How are they protected against forcible entry? b. Limit of Liability to apply (These values are Limits, not warranties.) In any one show window In any one outside showcase In all windows and outside showcases When premises open for business When premises closed for business Protected Unprotected Protected Unprotected 4
13. SHOW CASE AND SHOW WINDOW DISPLAYS OF PROPOSER NOT AT PREMISES OCCUPIED BY PROPOSER. If the proposer desires insurance on property displayed in show cases or show windows in building lobby or elsewhere than at premises occupied by proposer, furnish full particulars of each display: 14. PREMISES PROTECTION a. ELECTRICAL BURGLAR ALARM SYSTEMS (1) Are the premises protected by an operating burglar alarm system when closed for business? Yes No (2) Where is it monitored? Central Station Police Station Local (3) How is the alarm signal transmitted to the monitoring station? Derived Channel Multiplex Direct Wire Digital Communicator Two-way radio One-way radio D.S.L. Other (4) Name of the company providing the alarm service is: (a) Is the premises alarm company a U/L listed service company? Yes No UL Certificate number: Extent of Protection (1, 2, 3, 4): Grade Certification: (A, AA, B, BB, C, CC): Alarm investigation response time: Expiration date of UL Certificate: (5) Does the described premises have a motion detection alarm? Yes No Does it cover the safe / vault area? Yes No (6) Does the described premises have a hold-up alarm system? Yes No If Yes", how many hold-up buttons: (7) Indicate the kind of surveillance system used at the described premises: Cameras CCTV with Monitors CCTV with VCR / DVR Other: (8) Other protective measures not shown above (security guards, locked buzzer door entry system, bullet resistant windows, etc.) 15. SAFES AND VAULTS A. Description of Safe or Vault: 1 2 3 4 1. Manufacturer 2. Rating 3. Combination Yes No Yes No Yes No Yes No Lock 4. Key Lock Yes No Yes No Yes No Yes No 5
B. Protective Devices 1. Relocking Device Yes No Yes No Yes No Yes No 2. Time Lock Yes No Yes No Yes No Yes No C. Electrical Burglar Alarm 1. Protecting Company 2. Where is it Monitored 3. Type of Protection 4. Grade Certification 5. UL Certificate Number 6. Expiration Date 7. Percent of value in safe Central Station Central Station Central Station Central Station Police Station Police Station Police Station Police Station Local Local Local Local Complete Complete Complete Complete Partial Partial Partial Partial 16. WARRANTIES AS TO PROPERTY INSURED DURING TERM OF INSU$RANCE AT ALL TIMES WHEN PREMISES ARE CLOSED: (this section refers only to property described in Section 3 of this Policy) a. If more than one premises, give details for each: (1) The proportion by value of property on premises kept in Locked Safes and Vaults protected as indicated under 15b will be: % or 15b and 15c (1) will be: % or 15b and 15c will be: % or 15c (3) will be: % (2) The proportion by value of property on premises kept in other locked safes and vaults will be: % (3) The proportion by value of property on premises (including window displays) out of safes and vaults will be: % (4) The proportion by value of property kept in Safe Deposit Vault or Bank, Trust or Safe Deposit Company will be: % (5) Name and address of Safe Deposit vault: 17. INVENTORIES of all Property Wherever located: (please give exact figures if at all possible) a. The last merchandise inventory was taken on, and was (approx.) b. The previous merchandise inventory taken at least 6 months prior was taken on, and was (approx) 6
c. The maximum amount of our stock during the past 12 months did not excess (approx.) d. During the past 12 months, the estimated daily amount of other people s property in our custody was: 18. BREAKDOWN OF INVENTORY: based on most recent inventory (estimated) a. Loose diamonds and other precious stones: % b. Unset semi-precious or imitation stones: % c. Pearls (natural or cultured): % d. Jewelry mounted with diamonds or other precious stones: % e. Jewelry mounted with semi-precious stones, or gold jewelry: % f. Watches, watchcases, etc. % g. Jewelry samples (brass or imitation jewelry) % h. Other (specify) % Approximate value of average item in inventory: $ Approximate maximum value of item in inventory: $ 19. PROPERTY OTHER THAN STOCK AND OTHER PEOPLE S GOODS. The actual cash value (cost to replace with material of like kind and quality, less depreciation) of Property on which Insurance has been requested is estimated by us to be: $ Furniture, fixtures, tools, machinery and fittings: $ Tenant s Improvements and Betterments to Buildings: $ 20. DESCRIPTION OF PREMISES: a. The usual business days and hours are: b. The number of entrances: open to the general public is: not open to the general public is: c. Names and addresses of other locations in the jewelry trade under the same ownership or management not listed in this proposal are: d. The number of inside show cases are: 1) Are they equipped with locks: Yes No 2) Describe locks (self-locking, snap locks, key locks etc.): 3) Are show cases kept locked during business hours except when the contents are actually being removed or replaced? Yes No 4) How are the show case tops secured? e. Is the premises shared with others? Yes No If Yes, with whom: 21. APPLICANTS STATEMENT AND WARRANTY The signing and delivery of this proposal does not bind the Proposer to complete the insurance, nor the Company(s) to issue a policy, but each answer given above shall constitute a warranty shall a policy be issued. 7
However, should a policy be issued, I the undersigned, represent that the statements made in this application and any application supplements are true, and acknowledge that the acceptance and pricing of the policy is based on these statements. A copy of this application and any attachments will be attached to and made part of the policy. If I, the undersigned, have made any false statements or misrepresentations on the application, coverage for a claim may be denied. ANY PERSON WHO KNOWINGLY AND WITH INTENT TO DEFRAUD ANY INSURANCE COMPANY OR OTHER PERSON, FILES AN APPLICATION FOR INSURANCE CONTAINING ANY FALSE INFORMATION, OR CONCEALS, FOR THE PURPOSE OF MISLEADING, INFORMATION CONCERNING ANY FACT MATERIAL THERETO, COMMITS A FRAUDULENT INSURANCE ACT, WHICH IS A FELONY Applicants Signature Date Agency / Producer Title Contact Phone No. Expiration date of current policy: 8